DieJohnny (OP)
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Activity: 1639
Merit: 1006
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August 24, 2015, 02:11:26 AM |
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How is this not a terrible sign? Chinese are taking their money out of the stock market and they are not buying bitcoin.
I think bitcoin is soooo screwed in the next 18-24 months, nobody f-ing cares about magic money.
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Those who hold and those who are without property have ever formed distinct interests in society
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Cconvert2G36
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August 24, 2015, 02:14:47 AM |
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How is this not a terrible sign? Chinese are taking their money out of the stock market and they are not buying bitcoin.
I think bitcoin is soooo screwed in the next 18-24 months, nobody f-ing cares about magic money.
Do you imagine people ripping money out of the stock market, in fear of severe recession, deciding... "What the hell, why not plow into this hyper volatile cryptographically secure internet money to secure my savings." Really...? Oh, you don't... well then, you have your answer. |
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jehst
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August 24, 2015, 02:50:12 AM |
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Bitcoin, stocks, oil, etc. will all fall together. The only thing left standing will be the USD.
The bitcoin companies that have lots of cash, such as Coinbase, can survive $50 per bitcoin. Many others cannot. They will fail along with many other overvalued internet companies.
Magic internet money has potential, but the dollar will reign supreme this time.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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trinaldao
Copper Member
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Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
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August 24, 2015, 02:53:47 AM |
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How is this not a terrible sign? Chinese are taking their money out of the stock market and they are not buying bitcoin.
I think bitcoin is soooo screwed in the next 18-24 months, nobody f-ing cares about magic money.
CHinese is a biggest market at forex and bitcoin he give more option to trade... like 0%fee leverage 1x3 (with Loan btc/usd at HUOBI/bityes) soo.. this is a good option for whales to take action... if he have 1000BTC he can Loan 2000BTC and dump it (buy back at bottom line) and this is way chinese market make screawed #just opinion |
INVALID BBCODE: close of unopened tag in table (1)
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pokeviktor
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Activity: 562
Merit: 251
ALCEDO
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August 24, 2015, 03:07:41 AM
Last edit: August 24, 2015, 03:18:00 AM by pokeviktor |
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Check that link below and see what's happening right now: http://fiatleak.com/China is buying BTC faster than usual. On a normal day they average 10 BTC fiat buys/minute. |
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jehst
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August 24, 2015, 03:15:33 AM |
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Bitcoin went live in 2009. It has never experienced a global economic crisis. Surviving its first global economic crisis will be far more important than anything else in its history. It will be more important than dollar parity, the pizza transactions, or the bubbles. If bitcoin survives the next economic crisis, then it is will no longer be an experiment. It will be a bona fide store of value. But before that, there will be truly horrific lows. 2011's drop from $30 -> $2 is seen as the ultimate drop that can never be surpassed. I question that assumption.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Chef Ramsay
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Activity: 1568
Merit: 1001
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August 24, 2015, 03:20:32 AM |
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Check that link below and see what's happening right now: http://fiatleak.com/China is buying BTC faster than usual. Looking like 40 BTC a minute coming into to China atm w/ a tad coming from the EU and USA, tho it's night in both places. China seems to be accelerating the purchasing, however. Price has been trending up slightly at this point so with a new week starting, we shall see what direction China wants to go. Considering what their domestic market has been doing lately, it will be interesting to see what bitcoin does there in the near future. |
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pokeviktor
Sr. Member
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Activity: 562
Merit: 251
ALCEDO
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August 24, 2015, 03:27:54 AM |
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Check that link below and see what's happening right now: http://fiatleak.com/China is buying BTC faster than usual. Looking like 40 BTC a minute coming into to China atm w/ a tad coming from the EU and USA, tho it's night in both places. China seems to be accelerating the purchasing, however. Price has been trending up slightly at this point so with a new week starting, we shall see what direction China wants to go. Considering what their domestic market has been doing lately, it will be interesting to see what bitcoin does there in the near future. Calculating it with the same matches I got from other days at this hour, they're around x2'5 more in buys. |
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Beefcake
Full Member
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Activity: 279
Merit: 132
Beefcake!!!
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August 24, 2015, 03:29:19 AM |
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The sky is always falling. I don't think bitcoin is going to fail, I think that there was a recent massive dump, followed by lots of fear. Fear is understandable, but we need to not let it control us. Buy or sell, but do it for the right reasons, not fear.
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ekissane
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August 24, 2015, 11:03:40 AM |
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Check that link below and see what's happening right now: http://fiatleak.com/China is buying BTC faster than usual. On a normal day they average 10 BTC fiat buys/minute. That's pretty wild to watch! |
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g-unit
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August 24, 2015, 11:25:23 AM |
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Check that link below and see what's happening right now: http://fiatleak.com/China is buying BTC faster than usual. On a normal day they average 10 BTC fiat buys/minute. That's pretty wild to watch! Agreed. Thanks for the cool site! Still at about 40 BTC per minute. |
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g-unit
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August 25, 2015, 12:34:54 PM |
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China is still buying over 40 BTC per minute. Are they investing in BTC after selling their stocks?
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kryptopojken
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August 25, 2015, 12:46:30 PM |
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China is still buying over 40 BTC per minute. Are they investing in BTC after selling their stocks?
LOL yes china is buying 40 btc per minute but guess who's selling 40 btc per minute? ... .. . (china) |
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g-unit
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August 25, 2015, 12:56:28 PM |
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If you're gonna be a smart ass then don't bother answering asshole.
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mindrust
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Activity: 3290
Merit: 2450
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August 25, 2015, 12:58:20 PM |
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Everything crashes at the moment. It is not bitcoin's fault. Well, everything except $$  USD is the king like always. |
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mrhelpful
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Activity: 1456
Merit: 1002
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August 25, 2015, 04:31:01 PM |
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Well why would they though? They seek for something more solid, not more volatile.
They would rather buy a house in the midwest, then have a outside person to broker to flip it for them then put it into the market.
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trinaldao
Copper Member
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Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
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August 26, 2015, 05:54:13 AM |
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Check that link below and see what's happening right now: http://fiatleak.com/China is buying BTC faster than usual. On a normal day they average 10 BTC fiat buys/minute. and now price bitcoin is up i think some whales group of chinese buy more bitcoin before he pump it we can see from volume buy |
INVALID BBCODE: close of unopened tag in table (1)
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Monopoly
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August 26, 2015, 07:17:27 AM |
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China is still buying over 40 BTC per minute. Are they investing in BTC after selling their stocks?
Why they just show Buying ? Anyway , i don't any hope for backing price to $280-$290 again ..... |
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SanMerryDro
Member
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Activity: 80
Merit: 10
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August 26, 2015, 08:40:42 AM |
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that's why chinese exchanges are keen on shady trading.
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Mickeyb
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August 26, 2015, 08:53:57 AM |
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How is this not a terrible sign? Chinese are taking their money out of the stock market and they are not buying bitcoin.
I think bitcoin is soooo screwed in the next 18-24 months, nobody f-ing cares about magic money.
Block size debate my man and uncertainty about what the decision will be. This is the only thing that is pulling the prices down at the turmoil of the stock market while we have all used to seeing prices going up at these times. |
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